David Reed

David Reed

Conservative — Exmouth and Exeter East

Speaking in the House of Commons on 19 January 2026

Debate

Business Rates: Retail, Hospitality and Leisure

Contribution

I have heard from many struggling businesses across my constituency about the increasing pressures that they are facing. To give just one example, under the Government’s original plan, a small independent shop in Exmouth would have seen its rateable value rise by about 50%, wiping out the benefits of the lower small business multiplier, stripping it of eligibility for relief and leaving it facing extra costs of around £600 a month. Does the Minister understand how damaging that is for business confidence and viability, and will he please set out a timeline for when those types of small businesses can expect to receive support?

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